Articles by FX Markets Staff
Icap needs to keep banks on board
So the deal has finally been done – Icap has paid close to $800 million for EBS.
JP Morgan revamps in Asia
HONG KONG – JP Morgan has reorganised senior management in Asia and hired Tarun Mahrotri, formerly regional head of trading at HSBC in Hong Kong.
CLS Bank reports 10% rise in volume in March
LONDON – CLS Bank recorded a 10% rise in average daily payment instructions settled on its system in March.
Strong Q1 forex results from US banks
NEW YORK – US banks continued the trend of strong first quarter results already reported, with sharp rises in foreign exchange-related profits.
Is sterling ripe for a fall?
The trade-weighted value of sterling has dropped to levels last seen in late 2003. At the start of Q2 there has been much speculation about the increasingly negative prospects for the UK economy and sterling, writes Jeremy Stretch, FX strategist at…
COESfx signs Nostradamus
PLAINVIEW, NEW YORK – Electronic communication network COESfx and vendor Nostradamus Systems have linked up to provide traders with a tool to predict future foreign exchange levels.
BNP poaches Citi forex options head
NEW YORK – BNP Paribas has raided Citigroup and Barclays Capital (BarCap) as it continues to beef up its presence in the US and Europe.
Trading FX implied volatility – part II
The use of at-the-money straddles can be an effective way to trade implied volatility, but it is not without its limits. In the final part of a two-part series, Duncan Farnsworth, head of risk analytics in the currency structuring group at Royal Bank of…
Standard Bank builds in sales
LONDON & HONG KONG – Standard Bank is building its sales capabilities in London and Asia, as it looks to expand coverage to institutional and corporate clients.
Icap concludes deal with EBS
LONDON – Interdealer broker Icap's agreement to acquire electronic forex heavyweight EBS last week could signal a shift in the current landscape of the forex market, say analysts.
Shake-up at Credit Suisse continues
NEW YORK & LONDON – Credit Suisse's sales head has left the bank, continuing a shake-up that started when Gael de Boissard, co-head of fixed income, took over FX responsibility, according to bank sources.
MAS maintains forex policy
SINGAPORE – The Monetary Authority of Singapore (MAS) maintained its stance of 'modest and gradual' appreciation at its semi-annual policy review last Tuesday.
CFTC finds trader liable for $32 million
WASHINGTON, DC – The US Commodity Futures Trading Commission (CFTC) has granted a permanent injunction against Ronald Steven Holt and three associated companies for financial misdemeanours, while fining them a total of $32 million.
GFT signs to Dow Jones news and info
ADA, MICHIGAN – Online currency firm Global Forex Trading (GFT) has gone live with a customised selection of Dow Jones news and information via its proprietary online FX trading software, DealBook FX2.
Pressure likely for the greenback
The improvement in February's US trade data is likely to be short-lived. Deutsche Bank's strategy team continues to look for EUR/USD to grind higher over the course of the quarter. Is the deterioration of the US basic balance still a valid reason to sell…
There are no options benchmarks
The following is a case study of option volumes with delayed delivery, by Nasir Afaf, global head FX options, Commerzbank Corporates & Markets in London
Russia selects Trema
MOSCOW – The Central Bank of Russia is implementing treasury management software from vendor Trema to support its reserve management operations.
Hungarian Forint: A foggy forecast for forint exchange
The first half of the two-leg election in Hungary points to political status quo in the central European nation, but analysts point to significant likely volatility in the forint over the next few months.
Union Bank of India to use Reuters FX portal
MUMBAI – Union Bank of India (UBI) has selected Reuters, the global information company, to implement an online FX trading portal.
FXall sees increase in volumes
NEW YORK – Trading platform FXall announced record trading volumes of $825 billion in March, a 53% increase on the same period last year.
State Street to provide forex workflow solution for MLIM
LONDON – State Street is providing a foreign exchange execution management workflow solution through its Global Link network for Merrill Lynch Investment Managers (MLIM) in London.
Shake-up at Credit Suisse continues
NEW YORK & LONDON – Credit Suisse's sales head has left the bank, continuing a shake-up that started when Gael de Boissard, co-head of fixed income, took over FX responsibility, according to bank sources.